The iShares Intermediate Credit Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate, sovereign, supranational, local authority and non-U.S. agency bonds with remaining maturities between one and ten years, as represented by the Barclays U.S. Intermediate Credit Bond Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. As of Feb 28 2015, the Fund's total assets were $7,019,863,359 and the Fund's investment portfolio was valued at $6,959,055,799. We show 668 historical shares outstanding datapoints in our CIU shares outstanding history coverage, used to compute CIU market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CIU market cap history over the course of time is important for investors
interested in comparing CIU's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CIU versus a peer is one thing; comparing
CIU market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CIU can fluctuate over the course of history.
With this page we aim to empower investors researching CIU by allowing them to research the CIU market cap history. |
Free CIU Email Alerts:
Video: The Importance of Market Cap
